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Tax Time Audit?

The Australian Tax Office (ATO) recently conducted an audit of a Contractor. The audit covered 5 year tax returns. The Accountant who prepared the response charged the Contractor $52,290. Happily the Contractor had taken out Audit Insurance and the fee was covered by the policy.

These are significant numbers of Government Agencies and Statutory Authorities who can trigger an audit of your business.

These include...

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Protect Your Personal Assets

Directors and Owners of small and medium businesses face an enormous array of laws and regulations. Many of these imply significant monetary penalties on Company Directors and Officers. The Corporations Act alone provides 17 sections imposing civil and criminal liability on Directors!

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Business Affected By A Disaster?

Estimates from the US suggest that more than 40% of businesses affected by a disaster never resume, and of those that do 25% will close their doors within two years.

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